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In the fiat money inflation in France script the stimies mechanism was much more direct - print, and make the paper tokens useful to buy stolen Church property which were donated (taxed) out of the population over a long time span, liberate the values encapsulating memories of labours saved from works past.
Presumably some lent and others borrowed the stimies.
The process that Sense described is not as direct, but mathematically ends us in the same place, not a terribly good place, just a terrible place.
All baked in, awaiting taste test.
Policy measures now, if under enlightened and astute leadership, as opposed to more of the same with socialism slapped on, might narrow the interregnum of darkness, but interregnum is where we are headed, everywhere.
But, never mind, as stimies are and shall be dispensed, liberally or conservatively, because “there is no choice” we shall be told, as we once were during the dress rehearsal, so we best try to benefit from such before we enter the interregnum.
W/r to <<4. After the Fall. Investigators begin to sift through the meltdown's rubble. Shaken world leaders question the very foundations of modern capitalism while asking: could it all happen again?>>
I am guessing “yes, only worse, and much worse”. How else can it all turn out?
The Secret History of the Global Financial Collapse 180 min Doc Zone has traveled the world - from Wall Street to Dubai to China - to investigate The Secret History of the Global Financial Collapse. Meltdown is the story of the bankers who crashed the world, the leaders who struggled to save it and the ordinary families who got crushed.
September 2008 launched an extraordinary chain of events: General Motors, the world’s largest company, went bust. Washington Mutual became the world's largest bank failure. Lehman Brothers became the world’s largest bankruptcy ever - The damage quickly spread around the world, shattering global confidence in the fundamental structures of the international economy.
Meltdown also tells the stories of desperate foreclosed homeowners in California, disillusioned autoworkers at the end of the line in Ontario and furious workers in France who shocked the world by kidnapping their own bosses.
1. The Men Who Crashed the World. Greed and recklessness by the titans of Wall Street triggers the largest financial crash since the Great Depression. It's left to US Treasury Secretary Hank Paulson, himself a former Wall Street banker, to try and avert further disaster.
2. A Global Tsunami. The meltdown's devastation ripples around the world from California to Iceland and China. Facing economic ruin, desperate world leaders are at each other's throats.
3. Paying the Price. The victims of the meltdown fight back. In Iceland, protesters force a government to fall. In Canada, ripped off autoworkers occupy their plant. And in France, furious union members kidnap their bosses.
4. After the Fall. Investigators begin to sift through the meltdown's rubble. Shaken world leaders question the very foundations of modern capitalism while asking: could it all happen again?
Doc Zone has traveled the world - from Wall Street to Dubai to China - to investigate The Secret History of the Global Financial Collapse. Meltdown is the story of the bankers who crashed the world, the leaders who struggled to save it and the ordinary families who got crushed.